United States SEC Awards Whistleblower $20 Million, Whistleblowers are Awarded 10% to 30% if Penalties Exceed $1 Million
30th November 2022 | Hong Kong
The United States Securities & Exchange Commission (SEC) has awarded a whistleblower $20 million for providing critical information that led to successful enforcement action. Creola Kelly, Chief of United States SEC Office of the Whistleblower: “Today’s whistleblower played a crucial role in the ultimate success of the enforcement proceeding. Whistleblowers can help advance existing investigations in meaningful ways when their information saves the agency time and resources, and when their contributions allow SEC staff to better understand complicated issues.” Whistleblowers are awarded 10% to 30% of the money sanctioned, if penalties exceed $1 million. The United States SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity (Dodd-Frank Act). The largest payout to a whistleblower is $114 million in 2020. More info below | 2022 United States Enforcement Report
“ United States SEC Awards Whistleblower $20 Million, Whistleblowers are Awarded 10% to 30% if Penalties Exceed $1 Million “
Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 to 30 percent of the money collected when the monetary sanctions exceed $1 million.
$114 Million Record Payout to a Single Whistleblower
In 2020, the United States Securities and Exchange Commission (SEC) has awarded a record $114 million to a single whistleblower. In 2021, the United States Securities and Exchange Commission (SEC) has awarded approximately $110 million to a whistleblower.
In 2021, the United States Commodity Futures Trading Commission (CFTC) awarded nearly $200 million to a single whistleblower whose specific, credible, and timely original information significantly contributed to an investigation and led to a successful enforcement action by a U.S. federal regulator and a foreign regulator.
Related:
- United States SEC Enforcement Result 2022: Record $6.4 Billion Penalties & 760 Enforcement Actions, JP Morgan, Morgan Stanley, UBS, Credit Suisse, Barclays, Allianz, EY, Deloitte, Bill Hwang Archegos, Boeing CEO Mislead Public on 737 MAX Planes
- United States SEC Whistleblower Rules to Incentivise Whistleblower Tips, Total $1.3 Billion Paid & $5 Billion Sanctions Since 2010
- United States Commodity Futures Gives Record $200 Million Payout to Whistleblower, Former Deutsche Bank Employee
- United States SEC Awards $110 Million to Whistleblower
- SGX RegCo Increases Enforcement Powers, Issuers to Implement Whistleblowing Policy
- United States SEC Gives Record $114 million to a Single Whistleblower
United States Whistleblowers Program
Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 to 30 percent of the money collected when the monetary sanctions exceed $1 million.
As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity. For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit